with the markets tanking fri night your post may be well timed - however, even though the chart looks very impressive and relevant, i cant help but ask why is the dow (despite its long history ) the ideal index to look at?!
has there ever been a time where a handful of companies can influence the dow so much ( and hence make it look like a bit steep!) - and companies with world beating products and companies and a world benefiting from a lack of borders? apple, microsoft ( esp some 5 to 10 yrs ago ), google, amamzon etc
what about the s and p 500 - does it go back very far?
those that are getting all doom and gloom again - remember, we dont not get much good news fed to us - i have been saying on this general thread from time to time ( and i dont post on it often ); that we are not hearing how much cash is in term deposits , super and mutual funds, corporates etc in europe and america ; we just hear of the debts!!
Now, i have seen some articles late last year about how much cash was in corporate america; and Don Stammer in the australian had an article recently about how much cash was in cash deposits held by american households - it was bigger than what the banks have out in mortgages on housing!! It is well worth a read!!
It certainly is an uncertain time, and the european election results ( france and greece ) will not make investors feel much better! If i was cashed up i would not do a lot of buying yet ( market is at higher end of its recent trading range ) , but i dont see the need to do a lot of selling either ! ( make your own mind up on your own investments ) Sure commodity ( and now oil ) prices are under pressure, but the $oz should join in more which will help our producers. Interest rate cuts may help some consumers, but no doubt we have a subdued economy in many areas!
